According to the public record, 5, Southmere House 1, London is a modern leasehold apartment with 559 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a balcony.
The apartment is in Southmere House, Highland Street, London, E15.
Highland Street, London, E15 is located in the borough of Newham within the E15 postal district.
5, Southmere House 1, London has a single entry in the Land Registry database from April 2019 and a single entry in the EPC database dated November 2018.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Southmere House 1 London as £360,105 and the rental value as £2,277 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 5 Southmere House 1 London has decreased by £2,755 (0.8%) and its rental value has increased by £54 per month (2.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 5, Southmere House 1, London is in very good condition we estimate a sale value of £378,110 and rental value of £2,391 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £334,898 and a rental value of £2,118 per month.
If you were able to purchase this property for the estimated value of £360,105, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,770 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 5, Southmere House 1, London was last sold on 15 Apr 2019 for £348,125 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Apr 2019, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Southmere House 1, London within a radius of 350 metres over the last 2 years.
The most recent example is 39, Pavilions Court 4, Cooks Road, London, E15 2QU, a Leasehold flat which sold for £368,000 in Jun 2024.
Read more about house prices in E15.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Highland Street, London, E15 has a total of 67 addresses. According to our analysis of all the public data, 5, Southmere House 1, London is the 43rd largest and the 45th most expensive property on the street.
When compared to the postcode district it is £79k less expensive than the average property in E15.
5, Southmere House 1, London has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 22 Nov 2018.
The property is not connected to mains gas and has high performance glazing. It is heated using a community scheme.
The closest station to 5, Southmere House 1, London is Pudding Mill Lane station which is 300 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Southmere House 1, London, 46.7% of property is socially rented and 25.0% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 5, Southmere House 1, London, 31.3% of residents are recorded as possessing school level qualifications and 48.5% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Southmere House 1, London, the average age was 33.6 and the most common age was 27.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 5, Southmere House 1, London, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 5, Southmere House 1, London, there are an average of 0.6 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.